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Tuesday, January 24, 2017

British Pound

Could have bottomed! Trump meets Theresa May this Friday and bilateral trade arrangements is set to be on the agenda. With US formally withdrawn from TPP today and Theresa may setting out the details of a clean BREXIT, this blog expect one 'Game Changer' trade arrangements. The biggest beneficiary could be the Pound. Technically it looks to have bottomed out after a prolonged collapse on BREXIT worries. Currently trading at 1.252 to USD, the next resistance is at 1.29, 1.33 and eventually 1.40 according to this tradeplan.

All posts and charts are for educational and illustration purposes only

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